Nova Mentis Life Stock Probability of Future Pink Sheet Price Finishing Under 0.21
| NMLSF Stock | USD 0.02 0.0008 3.69% |
Nova |
Nova Mentis Target Price Odds to finish below 0.21
The tendency of Nova Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 0.21 after 90 days |
| 0.02 | 90 days | 0.21 | close to 99 |
Based on a normal probability distribution, the odds of Nova Mentis to stay under $ 0.21 after 90 days from now is close to 99 (This Nova Mentis Life probability density function shows the probability of Nova Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Nova Mentis Life price to stay between its current price of $ 0.02 and $ 0.21 at the end of the 90-day period is about 66.55 .
Assuming the 90 days horizon Nova Mentis Life has a beta of -0.26. This indicates as returns on the benchmark increase, returns on holding Nova Mentis are expected to decrease at a much lower rate. During a bear market, however, Nova Mentis Life is likely to outperform the market. In addition to that Nova Mentis Life has an alpha of 2.9585, implying that it can generate a 2.96 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nova Mentis Price Density |
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Predictive Modules for Nova Mentis
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Mentis Life. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nova Mentis' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nova Mentis Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova Mentis is not an exception. The market had few large corrections towards the Nova Mentis' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nova Mentis Life, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova Mentis within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.96 | |
β | Beta against Dow Jones | -0.26 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.12 |
Nova Mentis Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nova Mentis for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova Mentis Life can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nova Mentis Life is way too risky over 90 days horizon | |
| Nova Mentis Life has some characteristics of a very speculative penny stock | |
| Nova Mentis Life appears to be risky and price may revert if volatility continues | |
| Nova Mentis Life has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.68 M) with loss before overhead, payroll, taxes, and interest of (5.44 K). | |
| Nova Mentis Life has accumulated about 634.36 K in cash with (1.95 M) of positive cash flow from operations. |
Nova Mentis Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nova Pink Sheet often depends not only on the future outlook of the current and potential Nova Mentis' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nova Mentis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 111.5 M |
Nova Mentis Technical Analysis
Nova Mentis' future price can be derived by breaking down and analyzing its technical indicators over time. Nova Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova Mentis Life. In general, you should focus on analyzing Nova Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Nova Mentis Predictive Forecast Models
Nova Mentis' time-series forecasting models is one of many Nova Mentis' pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nova Mentis' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Nova Mentis Life
Checking the ongoing alerts about Nova Mentis for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova Mentis Life help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nova Mentis Life is way too risky over 90 days horizon | |
| Nova Mentis Life has some characteristics of a very speculative penny stock | |
| Nova Mentis Life appears to be risky and price may revert if volatility continues | |
| Nova Mentis Life has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.68 M) with loss before overhead, payroll, taxes, and interest of (5.44 K). | |
| Nova Mentis Life has accumulated about 634.36 K in cash with (1.95 M) of positive cash flow from operations. |
Other Information on Investing in Nova Pink Sheet
Nova Mentis financial ratios help investors to determine whether Nova Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nova with respect to the benefits of owning Nova Mentis security.